De La Rue’s Chief Exec Tim Cobbold resigns

Banknotes, News

Tim Cobbold, the Chief Executive of UK based commercial banknote printer De La Rue, has today announced that he is resigning. This move comes just three years after he was employed by De La Rue as a replacement for James Hussey who resigned after taking responsibility for the problems the firm encountered with paper production…

Bitcoin exchange Mt Gox goes offline

Cashless Payments, Currency, News

Mt Gox, one of the biggest Bitcoin exchanges, has gone offline. It has reportedly suffered a cyber attack which led to Mt Gox stopping Bitcoin transfers to external addresses on 7 February 2014. A loophole was discovered by thieves enabling them to trick the transaction process into sending double the correct number of Bitcoins. It is…